thyssenkrupp nucera shares rose nearly 4% on Tuesday morning in Frankfurt, after raising its operating profit (EBIT) target for FY 2024/2025.

The German group, which specializes in the design of electrolysers, said yesterday morning that it expected its operating profit for the financial year ending September to be between -€7m and +€7m, compared with a previous estimate of between -€30m and +€5m.

In comparison, its operating loss amounted to €14m at the end of the previous 2023/2024 financial year.

In its quarterly update, the Dortmund-based group said it had enjoyed "stable" operating activity in Q3, which ended at the end of June, as well as over the first nine months of the fiscal year.

Based on preliminary figures, orders received in the third quarter amounted to €63m, compared with €271m in the same period of the previous year, with revenue of €184m, compared with €237m a year earlier, and operating profit expected to be around break-even.

In its press release, nucera said it expects more dynamic order intake in its green hydrogen and chlor-alkali technologies, which, combined with good cost control, should enable it to generate growth with high margins in the future.

On the Frankfurt Stock Exchange, thyssenkrupp nucera shares rose around 4% following these announcements, limiting their decline since the beginning of the year to less than 5%, a drop linked to the group's disappointing targets announced in recent months.